Formula 3 Introduces €1 Million Prize Fund to Aid Driver Progression to F2




In a significant development for junior single-seater racing, Formula 3 has unveiled a new \u20ac1 million prize fund, designed to financially assist its leading drivers in their transition to Formula 2. This crucial support system, implemented with immediate effect for the ongoing 2025 season, addresses the escalating expenses associated with climbing the motorsport ladder and aims to cultivate future talent for Formula 1.
The newly established fund will be distributed among the top five drivers in the Formula 3 championship standings. The series champion will be awarded a substantial \u20ac300,000. Following a sliding scale, the second-placed driver will receive \u20ac250,000, the third-placed driver \u20ac200,000, and those finishing fourth and fifth will take home \u20ac150,000 and \u20ac100,000 respectively. A key stipulation for receiving this prize money is that the drivers must be progressing to Formula 2 in the subsequent year; otherwise, the award will be passed down to the next eligible competitor.
This initiative significantly enhances the financial backing available to promising young drivers. It complements Pirelli\u2019s established \u20ac300,000 award for the Formula 3 champion. Consequently, the 2025 title winner will secure a total of \u20ac600,000, providing a substantial boost towards funding an F2 campaign. This combined support is particularly vital given that the cost of a full season in Formula 2 can range from \u20ac2 million to \u20ac3 million, a figure that has seen a sharp increase in recent years.
Bruno Michel, CEO of FIA Formula 3, emphasized the importance of this fund, stating that it is essential to support emerging talent on their journey to Formula 1. He highlighted Formula 3's role as an excellent training ground for young racers to refine their skills and progress through the motorsport hierarchy. This additional financial incentive is expected to further empower these drivers in their aspirations towards the pinnacle of motorsport, Formula 1.
The introduction of this prize fund mirrors similar successful programs, such as the Road to Indy in the United States. In that program, the Indy NXT champion receives significant financial assistance to secure a seat in IndyCar, along with additional testing opportunities in America's premier single-seater category. Such initiatives are crucial in mitigating the financial barriers that often hinder talented drivers from advancing their careers, ensuring that merit, rather than monetary resources alone, dictates progression in the sport.
This new \u20ac1 million prize pool for Formula 3 drivers marks a pivotal step in fostering talent and ensuring a more accessible path to higher echelons of motorsport. By addressing the considerable financial demands of competing in Formula 2, the series aims to retain and nurture top performers, ultimately strengthening the foundation for future Formula 1 stars. The tiered award structure ensures that success at the F3 level is tangibly rewarded, providing a crucial bridge for drivers to continue their development.